Post
Topic
Board Trading Discussion
Re: It's not fud, but you can learn from this tweet & chart. Be careful with news.
by
Antotena
on 12/10/2024, 17:24:26 UTC
Satoshi Nakamoto real name revealed and this X user made a chart, that Bitcoin will be dumped because of HBO movie.

You can read more in that thread, if you're curious, but again I am not making a fud here. I want to use this chart, and that fud, to warn people who chase news in this market. If they don't know about the market basics, news will make them more uncertain on what will be next market movements and what they will do next too.

It's funny that HBO movie was on air and Bitcoin was not dumped. This chart is like one for altcoins, and meme tokens, not for Bitcoin.

I think it's because you didn't follow the news that's why you didn't know exactly what happened in that chat. Actually, it wasn't the HBO news that pump Bitcoin, it was already trading around therr  couple with the fact that inflation was already in the news that's why Bitcoin was bullish on the short term horizone and when it was later announced that FBI chased some market makers that were responsible for market manipulation and Bitcoin price drop because the of that news.

You can't take away news from trading, it's one of the fundamentals of trading and it's an analysis for traders to make money. Without news, there wouldn't be movement in the chat and without it there wouldn't be technical analysis. Remember that it's news that move Bitcoin, if today Trump is announce to have win US election, it will make Bitcoin price to run like crazy.